Economic Feasibility of a Small-Scale Wind Turbine in Coastal Area of South Sulawesi

F Mahmuddin1, - and N Puspitasari1, - and M U Pawara2, - (2021) Economic Feasibility of a Small-Scale Wind Turbine in Coastal Area of South Sulawesi. IOP Conference Series: Earth and Environmental Science.

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Abstract (Abstrak)

To evaluate the exploitation potential of wind energy in the coastal area of South Sulawesi, Indonesia, an investigation on the economic feasibility of this project was performed. A 300-watt horizontal wind turbine was used as an example installed turbine. The wind speed range of 4-7 m/s which was the wind speed data in the coastal area of South Sulawesi was computed. The main economic analysis method employed was Capital Budgeting Analysis (CBA) method. In this method, 4 (four) indicators were used to evaluate the feasibility of the project which are payback period (PBP), net present value (NPV), internal rate of return (IRR), and benefit-cost ratio (BCR). A visual basic computer program based on the CBA method was also developed to make the computation more convenient. From the study, it was found that the wind speed range of 4-6 m/s resulted in a non-feasibility project while the highest wind speed (7 m/s) was found to be quite strong to make the project feasible.

Item Type: Article
Subjects: V Naval Science > VM Naval architecture. Shipbuilding. Marine engineering
Depositing User: - Andi Anna
Date Deposited: 28 Mar 2022 01:33
Last Modified: 28 Mar 2022 01:33

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